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Oracle wins bid to partner with TikTok’s US business

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to navigate geopolitical tensions between Beijing and Washington, Reuters reported. ByteDance, TikTok’s Chinese owner, had been in talks to divest the U.S. business of its hugely popular short-video app […]

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Business

Oracle CEO Mark Hurd passes away a month after taking leave of absence for medical reasons

Mark Hurd, CEO of Oracle and former CEO of Hewlett-Packard has died at the age of 62. Oracle Founder and Chairman Larry Ellison confirmed Hurd’s death Friday. In a memo posted on the company’s website Larry Ellison said, “It is with a profound sense of sadness and loss that I tell everyone here at Oracle […]